Lender profile · HMDA 2023–2025
Spectra Credit Union mortgage approval rates & lending data
Spectra Credit Union decided 400 mortgage applications and funded 278 loans across the 616 counties Fat Boy Data covers, 2023–2025.
Approval by loan type
| Loan type | Approval | Approved | Taken up | Typical loan | Loans made |
|---|---|---|---|---|---|
| Mortgage lenders | 83% | 65 / 78 | 91% | $235K | 59 |
| Home improvement loans | 76% | 149 / 196 | 95% | $85K | 141 |
| Cash-out refinance | 66% | 56 / 85 | 89% | $185K | 50 |
| Investment home improvement | 72% | 21 / 29 | 100% | $75K | 21 |
Spectra Credit Union lending by state
| State | Approval | Typical loan | Decided | Loans made |
|---|---|---|---|---|
| Maryland | 69% | $75K | 174 | 111 |
| Virginia | 80% | $105K | 108 | 81 |
| Ohio | 86% | $45K | 22 | 15 |
| Florida | 79% | $205K | 19 | 15 |
| District of Columbia | 50% | $355K | 18 | 9 |
| North Carolina | 90% | $85K | 10 | 9 |
| Pennsylvania | 100% | $175K | 7 | 6 |
| South Carolina | 67% | $75K | 6 | 4 |
| Massachusetts | 75% | $205K | 4 | 3 |
| Arizona | 67% | $85K | 3 | 2 |
| Georgia | 67% | $155K | 3 | 2 |
| Indiana | 67% | $85K | 3 | 2 |
| New Jersey | 33% | $255K | 3 | 1 |
| Illinois | 100% | $255K | 2 | 2 |
| New York | 100% | $255K | 2 | 2 |
Covers the 616 counties in the Fat Boy Data footprint, which is 79.6% of the US population — not every county in each state. Methodology.